Shares of TTM Technologies, Inc. (NASDAQ:TTMI) have earned a consensus rating of “Hold” from the eight analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $20.67.
Several equities analysts have commented on TTMI shares. ValuEngine downgraded TTM Technologies from a “sell” rating to a “strong sell” rating in a report on Tuesday, February 19th. BidaskClub upgraded TTM Technologies from a “sell” rating to a “hold” rating in a report on Saturday, January 12th.
In other news, insider Jon Pereira sold 5,657 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $12.01, for a total value of $67,940.57. Following the completion of the sale, the insider now directly owns 26,743 shares of the company’s stock, valued at $321,183.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Philip Titterton sold 19,864 shares of the stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $11.85, for a total value of $235,388.40. Following the completion of the sale, the insider now directly owns 61,188 shares of the company’s stock, valued at $725,077.80. The disclosure for this sale can be found here. Insiders sold 32,268 shares of company stock valued at $384,360 over the last three months. 10.10% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of TTMI. Norges Bank bought a new stake in shares of TTM Technologies in the fourth quarter valued at approximately $18,327,000. Bank of New York Mellon Corp boosted its position in shares of TTM Technologies by 50.1% in the second quarter. Bank of New York Mellon Corp now owns 2,280,099 shares of the technology company’s stock valued at $40,198,000 after acquiring an additional 760,892 shares during the period. Laurion Capital Management LP bought a new stake in shares of TTM Technologies in the third quarter valued at approximately $11,215,000. Millennium Management LLC boosted its position in shares of TTM Technologies by 662.6% in the fourth quarter. Millennium Management LLC now owns 665,981 shares of the technology company’s stock valued at $6,480,000 after acquiring an additional 578,650 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of TTM Technologies in the third quarter valued at approximately $6,955,000.
TTMI stock traded down $0.31 during midday trading on Friday, hitting $11.74. 1,293,869 shares of the company traded hands, compared to its average volume of 895,822. TTM Technologies has a twelve month low of $8.97 and a twelve month high of $19.91. The company has a quick ratio of 1.63, a current ratio of 1.79 and a debt-to-equity ratio of 1.19. The company has a market cap of $1.26 billion, a PE ratio of 8.51 and a beta of 2.27.
TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, February 6th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.47 by $0.05. TTM Technologies had a return on equity of 15.10% and a net margin of 6.10%. The company had revenue of $711.00 million for the quarter, compared to the consensus estimate of $710.84 million. During the same quarter last year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, equities analysts expect that TTM Technologies will post 0.53 EPS for the current fiscal year.
TTM Technologies Company Profile
TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.
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